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Question
Suppose a perfectly competitive firm faces the following short-run cost and revenue conditions: ATC = $6.00; AVC = $4.00; MC = $3.50; MR = $3.50. The firm should
A) increase output.
B) increase price.
C) remain at the same position.
D) shut down.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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